SecuredFunding - Originator and Home Equity specialist
2007-01-05
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The announcement on their home page says:
Dear Valued Customers,
Based upon market conditions and limited product availability, we are ceasing wholesale operations. We have stopped accepting new applications, and will have until the 12th of January to fund out the pipeline. We appreciate your patience as we undergo this transition.Thank you for your support
Based on information found here, it looks like SecuredFunding was doing about $150 million of home equity extractions per month, and had over 1000 employees.
(SecuredFunding collapse picked up from Bakersfield Bubble)
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.